DeFiance Capital founder Arthur announced that he participated in an over-the-counter (OTC) transaction for Solana (SOL) through Galaxy at a price of $64.
He confirmed that he received the long-locked coins after the unlock today, but said he has no intention of selling them, expressing strong confidence in SOL’s future price growth.
“I participated in the SOL OTC deal at $64 through Galaxy and took delivery today after unlock. I am not selling a single one. I think it will be significantly higher in 3 months,” he said.
Beyond SOL, Arthur also commented on Jupiter (JUP), a decentralized exchange aggregator on Solana, taking a rather bullish stance on the token.
Solana, the blockchain network that powers SOL, is gaining significant traction in the decentralized finance (DeFi) and traditional finance sectors. Developers are leveraging Solana’s high-speed, low-cost infrastructure to build decentralized applications (dApps), memecoins, and trading platforms. The network continues to rival Ethereum by attracting users and projects looking for efficient blockchain solutions.
Enterprise adoption has further boosted Solana’s visibility. Payments giant Visa has integrated Solana’s technology to improve credit card payments, while the network’s payment protocol, Solana Pay, recently partnered with Shopify.
*This is not investment advice.
